'Fast Money' Recap: Yahoo!'s Adrift

The trading panel was unimpressed with Yahoo!'s earnings and strategy.

NEW YORK ( TheStreet) -- The markets were flat Tuesday ahead of President Obama's State of the Union address.

The Dow Jones Industrial Average fell 3.33, or 0.03%, to 11,977.19. The S&P 500 added 0.34, or 0.03%, to 1,290.84. The Nasdaq rose 1.70, or 0.06%, to 2,719.25.

Melissa Lee, the moderator of CNBC's "Fast Money" TV show, asked the trading panel for their comments on Yahoo! ( YHOO), which was trading lower in afterhours on weak revenue guidance for the current quarter.

For a breakout of some stocks from a recent "Fast Money" TV show, check out Dan Fitzpatrick's "3 Stocks I Saw on TV."

3 Stocks I Saw on TV

Joe Terranova said Yahoo! has not recovered the way the market, economy and tech space have recovered. He also said Yahoo! has not responded to the challenge of Facebook in the manner that Google ( GOOG) has.

He said the company seems more preoccupied with reaching its margin targets by cutting its workforce.

Brian Kelly said he was staying away from the stock because of the lack of growth in its search revenues. Tim Seymour said Yahoo! has become a cost-cutting, efficiency story that will eventually lead to private equity coming in to sell off the pieces of the company.

Jon Fortt, CNBC tech reporter, said Yahoo! has to figure out a way to monetize its huge audience. He said Yahoo!'s Asian assets are worth more than $10 billion.

The panel's opinions varied on Juniper Networks ( JNPR), which was falling in afterhours trading despite a earnings beat.

Kelly said Juniper had a good quarter, as the company continues to take advantage of the buildout in data infrastructure. Adami said Juniper was a better company than Cisco ( CSCO), adding he would pick it up on the pullback.

Joshua Brown, though, said he didn't want to be in Juniper because it was guiding down for the next quarter and was talking about acquisitions.

Terranova, however, said the short interest in Juniper is the lowest in five years, adding the company is the best-in-breed vendor in the cloud space. "I'll certainly be a long-term holder."

CNBC reporter Kate Kelly said the Nielsen Holdings IPO had been priced at $23 a share, a dollar higher than expected. She said the offering, which is expected to raise $2.2 billion, was able to attract the higher price because it was oversubscribed and benefited from favorable market sentiment.